Rite Aid Closing Stores and Selling Pharmacy Assets to Rivals

Rite Aid is reportedly closing additional stores while handing off business to rivals.The drugstore chain, which recently filed for bankruptcy for the second time, has revealed 95 locations it wants to shut down, Fast Company reported, citing a court filing.The locations are spread across six states, but are primarily based in Rite Aid’s home state of Pennsylvania, where the company plans to close more than 70 stores. In total, Rite Aid has targeted 210 stores for closure, the report said.The filing came on ...